Epiq reports Chapter 11 filings up 72% for calendar 2023 versus 2022

By Devika Patel

Knoxville, Tenn., Jan. 3 – Commercial Chapter 11 bankruptcy filings increased 72% in calendar year 2023, with 6,569 new filings in 2023 compared to 3,819 in 2022, according to a press release from Epiq AACER.

Overall commercial filings increased 19% to 25,627 from the 21,479 registered the previous year.

Total bankruptcy filings in calendar year 2023 were 445,186, an 18% increase from the 378,390 registered during calendar year 2022. While representing a substantial year-over-year increase, total bankruptcy filings remain lower than the pre-pandemic total of 757,816 recorded in calendar year 2019.

Total bankruptcy filings were 34,447 in December 2023, a 16% increase from the December 2022 total of 29,654.

The consumer bankruptcy filing total of 32,390 also represented a 16% increase from the 27,917 consumer filings in December 2022.

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